GO FOR SPEED LPG DELIVERY COMPANY

BUSINESS PROPOSAL

Prepared for

Managing Director, STANDARD CHARTERED BANK 

Prepared byGO FOR SPEED LPG DELIVERY

  K.N.U.S.T Campus P.O.BOX G24KUMASI-ASHANTI REGIONTel: [+233204338967]Fax: [4338967][AMGOINGFORSPEED@gmail.com]

 Submitted on

Friday, 19/11/2015

BACKGROUND Upon a survey, we gathered that students encounter a lot of difficulties in

refilling their gas cylinders. The main problem they face is unreliable delivery, and subsequent

problems are; Trust issues

Amount charged The deliverers are not established / registered (Validity) Value for money

Safety Maintenance

BACKGROUND In view of this, GO FOR SPEED LPG DELIVERY COMPANY

being a result oriented company seeks to address these problems.

We aim at providing good and trusted LPG delivery service to suit the needs of our target consumers through which profit will be made.

Our target client includes KNUST off-campus students (major target population) KNUST lecturers, Corporate executives, Restaurant, Households

OUR MISSION AND VISION STATEMENT

Our mission is to provide stable, secure and reliable services in LPG delivery.

The vision of GO FOR SPEED LPG DELIVERY is to be the bridge between problems in LPG delivery and convenience of delivery and the name behind safety in LPG usage in the country.

In short term we will expand our target market to include lecturers and corporate executives on KNUST and its environs.

In long term we will expand nation wide.

OUR COMPETITORS Freelance gas deliverers

COMPETITIVE ADVANTAGE Brand image Industry recognition Trust and reliability Expertise and stability Performance Proximity to source

ROAD MAP / STRATEGY

LIAISON FORMATION REMUNERATION MARKET SEGMENTATION MARKETING ADVERTISING PROMOTION SAFETY

THE NEW WAVE / NEW DIMENSION

This is one of the safest cooking cylinders in the world, it is non-corrosive, does not explode in fire, can withstand a drop of 4m and is very transparent to enable you to see your gas level.

INTRODUCTION OF FIBRE GLASS CYLINDER

SWOT ANALYSIS OUR STRENGTH

Additional customer services; trust; unrivaled competence OUR WEAKNESS

Start up capital; advertising expenses; establishment of brand name OUR OPPORTUNITIES

Expansion of our target OUR THREAT

Competitors; instability of the Ghana cedis; unstable supply of LPG

PROJECT OPERATIONS AND IMPLEMENTATION We operate Monday to Saturday, from 8am – 5pm. But our field workers operates

from 6am – 6pm

Our field workers get to the customers from 6am to 11am, because most students are present in their room by this time.

The cylinders are sent to the filling station from 11am-2pm, because the filling station will be less busy thus more attention is given to us.

The cylinders will be delivered to the clients from 3pm-5pm, because most of our clients are will be present in their rooms by this time.

PROJECT OPERATIONS AND IMPLEMENTATION Agreement was reached with kentinkrono Goil gas filling station to get a discount

of 3.5% on each gas cylinder we fill.

Our agreement with the hostel mangers will enable us get information about are target market.

Feedback forms will be issued to enable us ascertain the actual needs of our clients.

Bonuses will be offered to hardworking staffs

Promotion and discount to our loyal customers

HUMAN RESOURCES

Organisational structure

SHARES OF PARTNERS

10%

11%

7%

6%

16%8%

9%

13%

9%

12%

SHARES IN PERCENTAGE

Mr. Ahedor Vincent

Mr. Adomako Joshua

Mr. Boadi Samuel

Mr. Acquah Charles

Miss. Frimpong Sharon

Mr. Agbenya Isaac

Mr. Boateng Isaac

Mr. Torku Alex

Mr. Okine Michael

Miss. Opoku Anastasia

FINANCIAL PLAN

ITEM QUANTITY UNIT PRICE(GHC)

TOTAL (GHC)

3 Wheeled-Motorcycle Truck 3 3,020 9,060

Maintenance Equipment - 2,400 2,400

Office Supplies - 2,000 2,000

Safety & Security Equipment - 2,000 2,000

Marketing & Recruitment - 1,000 1,000

GRAND TOTAL - - 16,460.00

FILLING COST OF CYLINDERS

WEIGHT OF CYLINDERS (KG)

AMOUNT FOR FILLING (GHC)

RATE FOR DELIVERY

(GHC)2 6.00 5.003 9.00 5.005 15.00 5.006 18.00 5.007 21.00 5.0010 30.00 5.0013 39.00 5.0014.5 44.00 5.0020 60.00 10.0025 75.00 12.0035 105.00 18.0052 156.00 25.00

FORECAST

week 0week

1week

2week

3

Month

1week

5week

6week

7

Month

2week

9

week 10

week 11

Month

3

week 13

week 14

week 15

Month 4

0100200300400500600700800900

1000

Weekly filled

Cylin

ders

Month 0 Month 1 Month 2 Month 3 Month 40

500

1000

1500

2000

2500

3000

Monthly filled

Cyl

inde

rs

INCOME STATEMENT

TOTAL MONTHLY INCOME = GHC 6,534.00 TOTAL MONTHLY EXPENDITURE = GHC 800.00 BALANCE ON INCOME = GHC 5734.00

Bank loan = 16,460.00 Interest on bank loan = 24.8 % Amount payable to bank = (24.8% x 16460)+16,460.00=20,542.08

PAYMENT PLAN

Payment to the banks will be done within 1 year on a quarterly basis. We will pay GHC 5135.52 every quarter.

The partners have agreed not to receive salary for a year because we want to repay the loan as soon as possible.

Therefore with our monthly income of GHC 6,534.00 we would deduct our overheads and invest the rest of the money into the business.

CONCLUSION

In conclusion, this business is a viable and attractive business that will fetch income, profit and employment.

THANK YOU